BP CEO Bernard Looney's 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiraling energy prices, while BP's emissions were broadly unchanged, its annual report showed on Friday.BP reported a record profit of $28 billion for 2022 and hiked its dividend…
Norway on Wednesday opened tenders for two areas in the North Sea to build wind parks that could produce some 3 gigawatt (GW) of electricity, in a first step towards a goal of producing 30 GW by 2040, garnering strong interest from energy firms…
Brazilian state-run company Petrobras and international oil major Shell will work together to identify potential opportunities to explore for and produce crude and natural gas, Petrobras said on Thursday. Under a memorandum of understanding signed by the companies…
Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country's green energy sector.Britain's net zero start…
The winners of the 2023 Offshore Achievement Awards were revealed Thursday at the annual Offshore Achievement Awards dinner in Aberdeen.According to the organizers, around 400 guests celebrated the 'exceptional achievements and outstanding performance'…
Around 1400 offshore workers employed on the UK Continental Shelf (UKCS) platforms will take strike action in the next weeks, seeking better deal on jobs, pay, and conditions, workers' union Unite said Monday.According to Unite, platforms and…
One of President Vladimir Putin's top allies said on Monday that the United States and Britain were sowing deceptions that a pro-Ukrainian group blew up the Nord Stream gas pipelines on the bed of the Baltic Sea last year.Last week the New York Times reported that intelligence reviewed by U…
A senior executive at Russia's Lukoil energy company said a project in the Congo in which it is involved would begin producing liquefied natural gas (LNG) in December, Russian news agencies reported. Lukoil Vice President Ivan Romanovsky said the initiative would produce around 600…
Trinidad and Tobago has held substantive talks with Venezuela on developing the promising Dragon offshore gas field following a U.S. authorization to begin the long-stalled project, Energy Minister Stuart Young told Reuters on Thursday. Young…
Negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Norway's Equinor and Britain's Shell are complete and contract preparations are underway, Tanzania's energy ministry said.The development…
The heads of NATO and the European Commission flew on Friday to a North Sea platform bigger than the Eiffel Tower in a visit underlining Norway's importance for gas supplies since Russia's invasion of Ukraine.The Troll A platform extracts gas from Norway's biggest gas field…
Russia's ruptured undersea Nord Stream gas pipelines are set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them, sources familiar with the plans have told Reuters.Nord Stream 1 and Nord Stream 2, each consisting of two pipes…
New intelligence reviewed by U.S. officials suggests that a pro-Ukraine group - likely comprised of Ukrainians or Russians - attacked the Nord Stream gas pipelines in September, but there are no firm conclusions, the New York Times reported on Tuesday…
A deteriorated bollard led to a Valaris drillship breaking away and colliding with a bulk carrier in Pascagoula, Miss. last year, the National Transportation Safety Board (NTSB) said Thursday.On March 12, 2022, the mobile offshore drilling unit…
Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns. The British company's record earnings…
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